What are the pros and cons of bitcoin mining - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans
15.01. 2018 23:24  | 

Bitcoin is a digital currency, developed with the idea to make financial transaction easy, tax-free, without third party. Buying Bitcoin and waiting for the price to rise up is option of how you can profit from the Bitcoin, but there is risk of price falling. The second option of how can you profit from Bitcoin is mining. Mining is a process of solving mathematical problems within the network and as a reward miners are getting Bitcoins.

So, if you still interested in making some profit through cryptocurrencies, mining is the best option for you. First step you need to do is buying hardware. In the past this buying was not necessary because everyone were allowed to mine from home with the regular PC. This time is behind us and today you need special hardware developed for the purposes of mining. When you are picking hardware very important thing is hash rate, bigger hash rate solving transaction block quickly. While mining, your hardware will use a lot of electricity so hardware energy consumption level is also important thing to observe.

On the internet there are special sites that will calculate your investment, you just need to input the amount, you want to invest and how much profit you are expecting. This application is called Bitcoin mining calculator.

As you probably know, there is finite amount of Bitcoins, 21million of them, and many of them are already mined. Also there are more and more miners every day so mining is becoming more and more difficult, so the luck is also needed. So let\'s make a resume here. Mining can make you a great profit, but also you need to invest lot of money, and have a luck. Important thing is also to do all the research before you invest. Trust no one and read only reliable sources.

Get started now - Life is too short to be poor. Bitcoin, mining, hardware, investment, profit
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